Egypt Gas (EGAS)

Cairo – Mubasher: The board of Egypt Gas agreed, on 5 February 2024, to increase the authorised capital to EGP 3 billion from EGP 2 billion. The listed firm also plans to raise its issued and paid-up capital to EGP 1.44 billion from EGP 961.48 …

Cairo – Mubasher: Egypt Gas logged net profits after tax amounting to EGP 162.11 million in 2023, an annual drop of 46% from EGP 301.96 million. Activity revenues hit EGP 6.87 billion in 2023, lower by 2% year-on-year (YoY) than EGP 7.02 billion, …

Cairo – Mubasher: The board of directors of Egypt Gas approved the estimated budget for the year 2024, aiming to achieve EGP 245 million in profit after tax, compared to EGP 309 million by the end of 2023. The EGX-listed firm targets to generate …

Cairo – Mubasher: The net profits after tax of Egypt Gas dropped year-on-year (YoY) to EGP 138.62 million in the first nine months (9M) of 2023 from EGP 152.49 million. The EGX-listed listed firm posted revenues amounting to EGP 3.61 billion in …

Cairo – Mubasher: Egypt Gas achieved net profits after tax amounting to EGP 122.81 million in the first half (H1) of 2023, compared to EGP 103.52 million in H1-22. Operating revenues amounted to EGP 2.10 billion in January-June 2023, versus EGP …

Cairo – Mubasher: The net profits after tax of Egypt Gas amounted to EGP 93.84 million in the first quarter (Q1) of 2023, compared to EGP 75.88 million during the same period a year earlier. Meanwhile, the revenues declined to EGP 1.01 billion in …

Cairo – Mubasher: The shareholders of Egypt Gas greenlighted the payment of EGP 1.25 per share as cash dividends for 2022, according to a bourse disclosure. During the extraordinary general meeting (EGM) that was held on 18 March 2023, the …

Cairo – Mubasher: Egypt Gas achieved net profits after tax worth EGP 301.18 million in 2022, higher by 82% year-on-year (YoY) than EGP 165.82 million. The company generated revenues worth EGP 7.02 billion in 2022, an annual surge of 30% from EGP …

Cairo – Mubasher: Egypt Gas’ board of directors approved the estimated budget for the year 2023. The company plans to achieve EGP 309 million in net profits next year, compared to expected profits of EGP 165 million by the end of 2022. In the …

Cairo – Mubasher: The net profits of Egypt Gas registered EGP 152.49 million during the first nine months (9M) of the year, a surge of 261.95% when compared to EGP 42.13 million in the same period in 2021. Earnings per share (EPS) rose to EGP 3.18 …

Cairo – Mubasher: The Financial Regulatory Authority (FRA) in Egypt has approved in principle publishing the disclosure regarding the invitation of senior shareholders to subscribe to Egypt Gas’ capital raise, according to an official statement on …

Cairo – Mubasher: The ordinary general meeting (OGM) of Egypt Gas has approved a cash dividend distribution of EGP 1.5 per share for 2021. The shareholders have also agreed on increasing the company's issued capital to an amount not exceeding EGP …

Cairo – Mubasher: Egypt Gas' net profits after tax surged by around 96% year-on-year (YoY) to EGP 165.82 million in 2021, compared to EGP 84.66 million. The company generated revenues of EGP 5.40 billion last year, versus EGP 4 billion in 2020, …

Cairo – Mubasher: Egypt Gas achieved net profits of EGP 42.13 million in the first nine months of 2021, a surge of 365% year-on-year (YoY) from EGP 9.06 million.  The revenues jumped to EGP 3.62 billion in the January-September period, compared to …

By: Heba El-Kordy Cairo – Mubasher: Companies operating in the production of iron, cement, and fertilisers disclosed to the Egyptian Exchange (EGX) the impact of the government's decision to increase natural gas prices for factories by about 28% …

Cairo – Mubasher: Egypt Gas turned to net profits of EGP 23.89 million in the first half (H1) of 2021, versus net losses of EGP 43.4 million in H1-20.  The company's revenues levelled up to EGP 2.25 billion in the January-June period, compared to …

Cairo – Mubasher: Egypt Gas turned to net profits of EGP 5.83 million in the first quarter (Q1) of 2021, versus net losses of EGP 37.76 million in Q1-20. The revenues soared to EGP 978.97 million in the three-month period ended 31 March, compared …

Cairo – Mubasher: The ordinary general meeting (OGM) of Egypt Gas approved a cash dividend of EGP 1 per share for 2020. The dividends will be paid in one or more installments depending on the company’s liquidity position, according to a bourse …

Cairo – Mubasher: Egypt Gas achieved net profits of EGP 84.632 million during 2020, down by 48.7% year-on-year (YoY) from EGP 164.95 million, the unaudited financial results showed.   Meanwhile, revenues increased to EGP 4.002 billion last year …

Cairo – Mubasher: The board of directors of Egypt Gas approved a decision to increase the authorised capital of its 15.08%-owned subsidiary Alexandria Petroleum Maintenance Co (Petromaint) to EGP 300 million from EGP 136 million.   The issued and …

Cairo – Mubasher: The Egyptian Exchange’s (EGX) listing committee approved a request to list the capital raise shares of Egypt Gas. The company’s authorised capital will be increased to EGP 1 billion from EGP 500 million and its issued and paid-up …

Cairo – Mubasher: Egypt Gas achieved net profits of EGP 9.068 million in the first nine months of 2020, down by 67.4% year-on-year (YoY) from EGP 27.812 million. The company generated EGP 2.506 billion in revenue in the January-September period …

Cairo – Mubasher: Egypt Gas announced succumbing to net losses of EGP 43.4 million in the first half (H1) of 2020, against net profits of EGP 14.44 million in the year-ago period. The company generated EGP 1.43 billion in revenue in the …

Cairo – Mubasher: Egypt Gas announced turning to net losses of EGP 37.76 million in the first quarter of 2020, against net profits of EGP 8.92 million in the year-ago period. The company’s revenues retreated to EGP 691.32 million in the …

Cairo – Mubasher: The board of directors of Egypt Gas approved signing a natural gas supply agreement with Town Gas. The deal includes implementing works for providing about 120,000 customers in Cairo, Giza, Alexandria, Ismailia, and Port Said …